Analyst Rene Cartier of BMO Capital maintained a Buy rating on Sandstorm Gold (SAND – Research Report), retaining the price target of $7.50.
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Rene Cartier has given his Buy rating due to a combination of factors influencing Sandstorm Gold’s current and future performance. Despite reporting a mixed Q4/24 with adjusted EPS slightly below expectations, Sandstorm demonstrated stronger cash flow, which indicates robust financial health. The company’s guidance for 2025 aligns with expectations, and an increase in share repurchase activities suggests confidence in its stock’s value.
Sandstorm’s strategic moves, including an option agreement with Vatukoula Gold Mines, provide flexibility in managing assets and cash flow, contributing to debt reduction and potential share buybacks. Furthermore, recent acquisitions have positioned Sandstorm as a diversified mid-cap company with an organic growth trajectory, currently trading at a discount, which could present an opportunity for value appreciation. These factors collectively support Rene Cartier’s Buy rating for Sandstorm Gold.
In another report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $11.50 price target.
SAND’s price has also changed slightly for the past six months – from $5.520 to $5.980, which is a 8.33% increase.